OraSure Announces 2010 Third Quarter Financial Results: EPS of $0.01

OraSure Technologies, Inc. OSUR, a market leader in oral fluid diagnostics, today announced revenues of $19.0 million for the three months ended September 30, 2010, compared to $21.6 million recorded for the three months ended September 30, 2009. Revenues in the third quarter of 2009 were higher primarily because they included the elimination of a $2.2 million backlog for OraQuick(R) HIV orders which existed at June 30, 2009. Revenues in the current quarter also reflect increased sales of the Company's cryosurgical systems and insurance risk assessment products, offset by decreased sales of its substance abuse testing products and lower licensing and product development revenues. The Company recorded net income of $274,000, or $0.01 per share, for the third quarter of 2010, compared to net income of $1.8 million, or $0.04 per share, for the third quarter of 2009.